Sylvie Corbet and Angela Charlton, Associated Press Updated 3:20 pm PST, Monday, December 10, 2018 TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has acknowledged he's partially responsible for the anger that has fueled weeks of protests in France, an unusual admission for the leader elected last year. less TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has ... more Photo: Claude Paris, AP Photo: Claude Paris, AP Image 1 of / 10 Caption Close Image 1 of 10 TV screens show French … [Read more...] about Macron vows tax cuts, pay rise; will France’s anger subside?
Taxing bonus pay
After days of wavering and speculation that they would ditch the reform, the French government finally announced on Tuesday that from January 2019 workers will indeed have their income tax taken directly from their paychecks automatically. The change will see most workers in France have their income tax automatically taken out of their wages each month by their employers, as is the case in most other European countries, rather than the current system which sees employees pay income tax the following year in installments. The reform will affect some 38 million households in France. The reform was first due to be implemented in January 2018 but was delayed a year because President Emmanuel Macron wanted time to make sure the reform was actually worth it and to smooth out any problems. In recent days the reform looked as though it would be delayed or even scrapped as Macron grew wary of potential technical bugs as well as a negative reaction from taxpayers to a cut in their … [Read more...] about French government to push ahead with taking income tax from workers’ pay
Starting May 15, parents in Wisconsin can log on to a state-run website, answer a few questions, and sign up to get checks worth $100 per child. To Republican Gov. Scott Walker, who drove the one-time tax payout into law, it’s a chance to turn a state budget surplus into a bonus for parents who could use some extra cash. To his critics, who note Walker is a few months away from a tough re-election run, it looks like campaign-year bribery of the up to 671,000 families who could receive checks. And to independent economists, it’s a mystifying piece of tax policy that has no clear, long-term economic purpose and few if any recent comparable examples, given that tax breaks are traditionally incorporated for tax filing season — not in the months before an election. “This is really weird. I have never heard of anything like this,” said Richard Auxier, who tracks state tax policy for the Tax Policy Center, a nonpartisan think tank. Scott Drenkard, a tax expert at … [Read more...] about Wisconsin’s election-year tax rebate outrages Democrats, mystifies economists
With public companies on track to shower a record $1 trillion on investors through dividend increases and share buybacks, Sen. Marco Rubio's recent suggestion that workers weren't getting much benefit from corporate tax cuts may sound truer than ever. "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the money they're saving and reinvest it in American workers," the Florida Republican told the Economist last week. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that they money's been massively poured back into the American worker." While a White House tally in February had at least 275 companies increasing worker compensation, and Americans for Tax Reform, a conservative group, pegs at 4 million the number of workers that have gotten bonuses or increased pay, Wall Street analysts who track corporate cash flows tell a different story. The GOP tax law drastically cut … [Read more...] about Guess where the corporate tax cut money is flowing
By Joshua Fechter Published 1:58 pm, Tuesday, May 1, 2018 Photo: Evan Vucci /Associated Press Image 1of/1 CaptionClose Image 1 of 1 Nearly half of Texas retailers say they haven’t made investments — like raising employees’ wages or boosting capital spending — that they wouldn’t have made without President Donald Trump’s $1.5 trillion tax overhaul package, executives told the Dallas Fed. less Nearly half of Texas retailers say they haven’t made investments — like raising employees’ wages or boosting capital spending — that they wouldn’t have made without President Donald Trump’s $1.5 ... more Photo: Evan Vucci /Associated Press Many Texas businesses have yet to invest tax breaks in higher wages or new investments 1 / 1 Back to Gallery Most Texas … [Read more...] about Many Texas businesses have yet to invest tax breaks in higher wages or new investments